KP PROJECTS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
KP PROJECTS
Largest movements
- Cash -€4,337
down €4,337 (-71.9%), from €6,032 to €1,696
mainly Net result for the year (-€9,009) and Tax, wage and social debts (-€1,042)
- Intangible fixed assets -€2,534
down €2,534 (-51.9%), from €4,882 to €2,347
- Receivables within one year -€1,876
down €1,876 (-24.7%), from €7,610 to €5,734
of which Trade receivables: -€1,437
- Tangible fixed assets -€780
down €780 (-46.4%), from €1,682 to €902
of which Plant, machinery and equipment: -€531
- Reserves -€9,009
down €9,009 (-22.8%), from €39,563 to €30,554
- Tax, wage and social debts -€1,042
down €1,042 (-45.1%), from €2,312 to €1,270
- Gross operating margin -€10,971
down €10,971, from €5,276 to -€5,695
- Taxes -€1,232
down €1,232, from €1,057 to -€176
- Financial income -€313
down €313 (-51.9%), from €604 to €291
- Other operating charges +€178
up €178 (+72.5%), from €246 to €424
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,384 | €38,548 | -€9,836 | -20.3% |
| Fixed assets | 21/28 | €6,564 | €3,249 | -€3,314 | -50.5% |
| Intangible fixed assets | 21 | €4,882 | €2,347 | -€2,534 | -51.9% |
| Tangible fixed assets | 22/27 | €1,682 | €902 | -€780 | -46.4% |
| Plant, machinery and equipment | 23 | €1,062 | €531 | -€531 | -50.0% |
| Furniture and vehicles | 24 | €620 | €371 | -€249 | -40.1% |
| Current assets | 29/58 | €41,820 | €35,298 | -€6,522 | -15.6% |
| Amounts receivable after more than one year | 29 | €27,500 | €27,500 | = | 0.0% |
| Other amounts receivable | 291 | €27,500 | €27,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,610 | €5,734 | -€1,876 | -24.7% |
| Trade receivables | 40 | €1,924 | €487 | -€1,437 | -74.7% |
| Other amounts receivable | 41 | €5,686 | €5,247 | -€439 | -7.7% |
| Cash at bank and in hand | 54/58 | €6,032 | €1,696 | -€4,337 | -71.9% |
| Deferred charges and accrued income | 490/1 | €677 | €369 | -€309 | -45.6% |
| Total equity and liabilities | 10/49 | €48,384 | €38,548 | -€9,836 | -20.3% |
| Equity | 10/15 | €45,763 | €36,754 | -€9,009 | -19.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,563 | €30,554 | -€9,009 | -22.8% |
| Distributable reserves | 133 | €39,563 | €30,554 | -€9,009 | -22.8% |
| Amounts payable | 17/49 | €2,620 | €1,794 | -€827 | -31.6% |
| Amounts payable within one year | 42/48 | €2,620 | €1,794 | -€827 | -31.6% |
| Trade debts | 44 | €308 | €524 | +€216 | +69.9% |
| Suppliers | 440/4 | €308 | €524 | +€216 | +69.9% |
| Taxes, remuneration and social security | 45 | €2,312 | €1,270 | -€1,042 | -45.1% |
| Taxes | 450/3 | €2,312 | €1,270 | -€1,042 | -45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,314 | €3,314 | = | 0.0% |
| Other operating charges | 640/8 | €246 | €424 | +€178 | +72.5% |
| Gross operating margin | 9900 | €5,276 | -€5,695 | -€10,971 | |
| Operating profit (loss) | 9901 | €1,716 | -€9,433 | -€11,149 | |
| Financial income | 75/76B | €604 | €291 | -€313 | -51.9% |
| Recurring financial income | 75 | €604 | €291 | -€313 | -51.9% |
| Financial charges | 65/66B | €40 | €42 | +€2 | +4.5% |
| Recurring financial charges | 65 | €40 | €42 | +€2 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €2,279 | -€9,185 | -€11,464 | |
| Income taxes | 67/77 | €1,057 | -€176 | -€1,232 | |
| Profit (loss) for the period | 9904 | €1,222 | -€9,009 | -€10,231 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,222 | -€9,009 | -€10,231 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.